Logitech Announces Q4 and Full Fiscal Year 2026 Results

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full Fiscal Year 2026.

For Fiscal Year 2026:

• Sales were $4.84 billion, up 6 percent in US dollars and 4 percent in constant currency compared to the prior year.
• GAAP operating income was $775 million, up 18 percent compared to the prior year. Non-GAAP operating income was $911 million, up 18 percent compared to the prior year.
• GAAP earnings per share was $4.80, up 16 percent compared to the prior year. Non-GAAP EPS was $5.78, up 19 percent compared to the prior year.
• Cash flow from operations was $1.04 billion. The year-ending cash balance was $1.7 billion. The Company returned $768 million of cash to shareholders through its annual dividend payment and share repurchases.

For Q4 Fiscal Year 2026:

• Sales were $1.09 billion, up 7 percent in US dollars and 3 percent in constant currency compared to Q4 of the prior year.
• GAAP operating income was $136 million, up 28 percent compared to Q4 of the prior year. Non-GAAP operating income was $167 million, up 25 percent compared to Q4 of the prior year.
• GAAP EPS was $0.98, up 2 percent compared to Q4 of the prior year. Non-GAAP EPS was $1.13, up 22 percent compared to Q4 of the prior year.
• Cash flow from operations was $203 million.

“Our strong Fiscal Year 2026 performance demonstrates that our strategy and operating principles of playing offense, cost discipline and agility are working,” said Hanneke Faber, Logitech chief executive officer. “We closed the year with a strong Q4, and were pleased to see a solid return to growth in the Americas, and accelerated growth in Gaming. As we transition into FY27, we are amplifying our focus on future growth. Rapid AI advancements make it a unique period for us to innovate and invest for a future in which both Work and Play will look different.”

“FY 2026 showcased what our teams and business model are capable of,” said Matteo Anversa, Logitech chief financial officer. “Operating income grew 18% year over year, and our annual non-GAAP gross margin of 43.6% and operating margin of 18.8% were the highest ever, outside of pandemic peaks. We also delivered substantial shareholder returns of $768 million in dividends and share repurchases. While the operating environment remains volatile, we see good momentum in the business going into Q1.”

Outlook

Our financial outlook for the first quarter of Fiscal Year 2027 is:

• Q1 FY27 outlook
  • Sales: $1,190 – $1,215 million
  • Sales growth (in US dollars, year over year): 4% – 6%
  • Sales growth (in constant currency, year over year): 2% – 4%
  • Non-GAAP operating income: $195 – $215 million